FRC Stock - First Republic Bank
Unlock GoAI Insights for FRC
Get institutional-grade AI analysis, real-time signals, and deep market intelligence powered by advanced machine learning.
Free 14-day trial • No credit card required
Premium members get real-time SMS alerts
Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $5.77B | $4.96B | $3.85B | $3.25B | $3.58B |
| Gross Profit | $5.77B | $4.96B | $3.85B | $3.25B | $2.97B |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 82.8% |
| Operating Income | $3.03B | $1.83B | $1.33B | $1.13B | $1.58B |
| Net Income | $1.67B | $1.48B | $1.06B | $930.33M | $853.83M |
| Net Margin | 28.8% | 29.8% | 27.6% | 28.6% | 23.8% |
| EPS | $8.32 | $7.78 | $5.85 | $5.25 | $5.24 |
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. It operates in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook accounts, as well as certificates of deposit. It also offers a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate and construction loans, personal and business loans, single family construction loans, and other loans and lines of credit to businesses and individuals. The company's loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, online investment management, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2021, it offered its services through 82 licensed deposit taking offices primarily in the San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. It also has 12 additional offices that offer lending, wealth management, or trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 25th 2023 | Citigroup | Resumed | Sell | $11 |
| April 25th 2023 | Maxim Group | Downgrade | Hold | - |
| April 25th 2023 | Janney | Downgrade | Sell | $8← $10 |
| March 17th 2023 | Argus | Downgrade | Neutral | - |
| March 17th 2023 | Wedbush | Downgrade | Neutral | $5← $140 |
| March 13th 2023 | Compass Point | Downgrade | Neutral | $130← $168 |
| March 13th 2023 | Raymond James | Downgrade | Market Perform | - |
| March 13th 2023 | Wolfe Research | Downgrade | Peer Perform | - |
| January 9th 2023 | Jefferies | Upgrade | Buy | - |
| January 5th 2023 | Goldman | Upgrade | Buy | $142 |
| December 15th 2022 | Wells Fargo | Upgrade | Equal Weight | $125← $100 |
| December 5th 2022 | Morgan Stanley | Downgrade | Underweight | $102← $109 |
| October 17th 2022 | Raymond James | Upgrade | Strong Buy | $143 |
| July 1st 2022 | Atlantic Equities | Upgrade | Overweight | $188← $210 |
| April 8th 2022 | UBS | Upgrade | Buy | $194← $188 |
Earnings History & Surprises
FRCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2024 | Apr 22, 2024 | — | — | — | — |
Q1 2024 | Jan 11, 2024 | — | — | — | — |
Q4 2023 | Oct 12, 2023 | — | — | — | — |
Q3 2023 | Jul 13, 2023 | $-1.27 | — | — | — |
Q2 2023 | Apr 24, 2023 | $0.72 | $1.23 | +70.8% | ✓ BEAT |
Q1 2023 | Jan 13, 2023 | $1.80 | $1.88 | +4.4% | ✓ BEAT |
Q4 2022 | Oct 14, 2022 | $2.18 | $2.21 | +1.4% | ✓ BEAT |
Q3 2022 | Jul 14, 2022 | $2.09 | $2.16 | +3.3% | ✓ BEAT |
Q2 2022 | Apr 13, 2022 | $1.90 | $2.00 | +5.3% | ✓ BEAT |
Q1 2022 | Jan 14, 2022 | $1.92 | $2.02 | +5.2% | ✓ BEAT |
Q4 2021 | Oct 13, 2021 | $1.84 | $1.91 | +3.8% | ✓ BEAT |
Q3 2021 | Jul 13, 2021 | $1.73 | $1.84 | +6.4% | ✓ BEAT |
Q2 2021 | Apr 14, 2021 | $1.55 | $1.79 | +15.5% | ✓ BEAT |
Q1 2021 | Jan 14, 2021 | $1.52 | $1.60 | +5.3% | ✓ BEAT |
Q4 2020 | Oct 13, 2020 | $1.39 | $1.61 | +15.8% | ✓ BEAT |
Q3 2020 | Jul 14, 2020 | $1.17 | $1.40 | +19.7% | ✓ BEAT |
Q2 2020 | Apr 14, 2020 | $1.02 | $1.20 | +17.6% | ✓ BEAT |
Q1 2020 | Jan 14, 2020 | $1.27 | $1.39 | +9.4% | ✓ BEAT |
Q4 2019 | Oct 15, 2019 | $1.21 | $1.31 | +8.3% | ✓ BEAT |
Q3 2019 | Jul 16, 2019 | $1.27 | $1.24 | -2.4% | ✗ MISS |
Latest News
Frequently Asked Questions about FRC
What is FRC's current stock price?
What is the analyst price target for FRC?
What sector is First Republic Bank in?
What is FRC's market cap?
Does FRC pay dividends?
Similar Stocks
Financial Services SectorExplore stocks similar to FRC for comparison